Hungarian Fruit Juice Maker Seeks Bankruptcy Protection
- 3 May 2012 11:00 AM
Fruit juice maker Első Magyar Gyümölcsfeldolgozó és Gyümölcslégyártó, the owner of Hey-Ho brand, has filed for bankruptcy protection, gazdasag.hu reported. The company, founded in 1992, sells 30 million litres in Hungary annually and exports to 16 countries.
Revenues peaked near Ft 5 billion in 2007 and fell to Ft 3.4 billion by 2010. However the company booked a Ft 54.9 million after-tax profit that year, and liabilities totalled Ft 2.6 billion in the same year.
The company employs 100 staff.
Source: Hungary Around the Clock
This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC follow this link and click on 'Free Trial Subscription'.
LATEST NEWS IN business